Tamburi Investment Partners S p A : Presentazione virtual star conference 2021 – Spring edition

Virtual Star Conference 2021

March 23-25, 2021

We should all feel nothing but shame for the

reputation that finance has earned itself in

the last few years, but if you manage to guide

healthy capital from successful businesses

and the assets of families that wish to invest

them intelligently in companies that want to

grow, you are genuinely doing one of the

most beneficial jobs in the world.

@TamburiTip

DISCLAIMER

The information contained herein, particularly the ones regarding any possible or assumed future performance of the TIP Group, are or may be forward looking statements and in this respect they involve some risks and uncertainties.

Any reference to past performances shall not be taken as an indication of future performances.

These forward-looking statements may include statements regarding our (or our portfolio companies') plans, objectives, goals, strategies, future events, future revenue or performance, financing needs, plans or intentions relating to acquisitions, investments or capital expenditures, business trends or other information that is not historical information. Forward-looking statements are related to future, not past, events and are not guarantees of future performance. These statements are based on current expectations and projections about future events and, by their nature, address matters that are, to different degrees, uncertain and are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future, and, as such, undue reliance should not be placed on them.

TIP expressly disclaims and does not assume any responsibility nor liability in connection with any inaccuracies in any of these forward-looking statements or in connection with any use by any party of such forward-looking statements.

This document is being provided solely for information and may not be reproduced or redistributed.

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any stock or securities.

The market values reported in the presentation refer to the prices on March 19, 2021.

TABLE OF CONTENTS
page
INVESTMENTS OVERVIEW	4
PARTIAL SALE OF PRYSMIAN SHARES	6
NEW EQUITY FOR COMPANIES IN TURNAROUND	7
TIP OFFER FOR THE PURCHASE OF TIPO AND BETA	8
TIP SHARE PERFORMANCE	9
THE ITALIAN DIGITAL HUB	10
NET INTRINSIC VALUE	12
2015 - 2020 INVESTMENTS	14
DIVESTMENTS	16
RECENT YEARS RESULTS COMPARISON	17
VALUE CREATION	18
PRIVATE COMPANIES UPDATE	19
ANNEX - INVESTMENTS DETAILS	20
ANNEX - CURRENT TIPO STRUCTURE (BEFORE TIP OFFER)	22
ANNEX - A CULTURE OF SUSTAINABILITY	23

1) Limited risk thanks to light diversification and great quality

2) Outstanding long returns for shareholdersterm

> 20	+140,7%*
9,22 euro per share
(10 worldwide leaders)	total return T.I.P.	Net Intrinsic Value
investments in portfolio	(last 5 years)
*as at 19/3/2021